Mr Price sees a revenue increase despite load shedding costing it an estimated R200 million
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GUEST - Simon Brown – Founder of JustOneLap
Mr Price has seen its revenue increase despite load shedding costing it an estimated R200 million. The group’s results for the financial year ended 30 March 2024 showed that revenue increased by 15.5% to R37.9 billion.
This includes the group acquiring Studio 88 Group (S88), effective 4 October 2022 (not in the base in H1 FY2024), excluding which revenue grew 5.8% to R30.3 billion. With the group growing its annual market share by 30bps, its operating profit exceeded R5 billion
for the first time.
Mr Price has seen its revenue increase despite load shedding costing it an estimated R200 million. The group’s results for the financial year ended 30 March 2024 showed that revenue increased by 15.5% to R37.9 billion.
This includes the group acquiring Studio 88 Group (S88), effective 4 October 2022 (not in the base in H1 FY2024), excluding which revenue grew 5.8% to R30.3 billion. With the group growing its annual market share by 30bps, its operating profit exceeded R5 billion
for the first time.
